UBCP Stock Slips Despite Dividend Yield: What United Bancorp Investors Are Watching Now
United Bancorp Inc. shares dropped 1.25% to $14.24 in late-morning trading Thursday on volume of 146 shares. The move comes ahead of a June 19 dividend payout of $0.195 per share, up 5.4% from last year. First-quarter net income rose 2.1% to $1.911 million, but nonaccrual and overdue loans climbed to $6.8 million. Noninterest expense increased 10.2%, partly due to office and digital investments.